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Working Together for Minnesota’s Prosperity

Working Together for Minnesota’s Prosperity. Minneapolis-St. Paul Regional Economic Forum December 17, 2012. Urgent Challenges Facing Minnesota. Current skills gap Gap in educated workers prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials

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Working Together for Minnesota’s Prosperity

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  1. Working Together for Minnesota’s Prosperity Minneapolis-St. Paul Regional Economic Forum December 17, 2012

  2. Urgent Challenges Facing Minnesota • Current skills gap • Gap in educated workers prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials • College readiness gap • State disinvestment in higher education

  3. Minnesota Higher Education FundingCuts significantly deeper than national average

  4. Other countries are prioritizing education and surpassing U.S. educational attainment

  5. Incremental Demand for Post-SecondaryCredentials Twin Cities Metro Projections

  6. Projected Growth in Diversity Twin Cities Metro Projections

  7. Actions to Ensure Minnesota’s Prosperity • Advance competitiveness of Minnesota’s workforce • Align academic programs with workforce needs • Meet demand in high-growth fields • More hands-on learning through internships and apprenticeships • Prepare students on latest technology and equipment • Focus on the capabilities of the graduates

  8. Actions to Ensure Minnesota’s Prosperity • Advance competitiveness of Minnesota’s workforce • Accelerate completion • Increase student retention and graduation rates • Reduce time to completion

  9. Actions to Ensure Minnesota’s Prosperity • Advance competitiveness of Minnesota’s workforce • Accelerate completion • Increase access and affordability • Drive efficiencies • Hold to modest tuition increases • Boost scholarships • Provide access to sate grant program for part-time students

  10. Actions to Ensure Minnesota’s Prosperity • Advance competitiveness of Minnesota’s workforce • Accelerate completion • Increase access and affordability • Grow the pipeline • Align assessment measures • Provide targeted remediation to students not on track • Expand early college credit options • Better inform students about workforce needs

  11. Outcomes that will Advance Minnesota’s Prosperity • Academic programs aligned with workforce needs • More graduates with hands-on experience and on state-of-the-art equipment and technologies • More graduates in critical high-demand, high-growth professions • Skills gap reduced • Affordability enhanced • Increased enrollment, particularly among underserved communities • Improved degree completion rates

  12. Human capital is the most important asset for economic prosperity Example initiative MSP can be the most prosperous metro area if we: 1 Invest Early • Ensure all of our children are ready to learn. Close the Achievement Gap • Ensure all children our positioned to succeed 2 Grades 10 – 14 redesign Graduate high school college ready • Align graduation standards with college readiness 3 • Improve college success rates Improve college completion 4 Close skills gaps • Ensure human capital has the technical and foundations skills needed by workforce 5

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